Insurance Tip for the Weekend: Self-Insure

Many people realizing that taking some risk themselves by self-insuring is saving them a substantial amount of money. Self-insuring is a way to reduce your insurance costs by maintaining an adequate insurance reserve fund. By maintaining a personal reserve fund you are allowing yourself to acquire some of your risk. When you assume some of your insurable risk you can immediately reduce your current insurance costs, keep your premium rates down, and release extra funds to purchase additional insurance that you may need. Learn more about self-insuring at Avoiding High Insurance Costs by Self-Insuring.